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20121201
20121231
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Search Results 0 to 49 of about 92 (some duplicates have been removed)
WETA
Dec 31, 2012 6:30pm EST
. >> reporter: erika miller, "n.b.r.," new york. >> susie: our market guest tonight expects stocks to do well in 2013. he's sam stovall, chief equity strategist at s&p capital i.q. you heard about them talking about the deal and negotiations. does that change your forecast for 2013. >> well susie it confirms that s congress could teach space shake something about drama. >> the head winds have been wit. there is nothing new added to the equation it's just when wil the congress get it's act together. and our belief is if they don't pass something tomorrow they will early in the new year. >> you have been predicting thsw year. barring anymore drama for the fiscal cliff what is going to drive stocks higher. >> most global economies willhat quarter by 2 2012 and much of 23 will be a recovery year. also in the u.s. we are looking for 2-point 2% growth and expanding in 2014. and in an in an earnings perspee we saw the trough early this year and going into 2013 see a nine and a half percent increase in u.s. earnings for the s & p 500. >> that is encouraging becausetl up when they all come out fo
PBS
Dec 17, 2012 4:30pm PST
there will be a deal on the fiscal cliff in janaury. suzanne pratt, "n.b.r.," new york. >> susie: from grandma's cookies to holiday gifts for the little ones, still ahead we're riding along with u.p.s. as the shipping giant kicks off its busiest week of the year. >> tom: two mildly encouraging words were used by a group of economists to describe what next year may bring: stable and moderate. that's the 2013 outlook from the national association of business economics. the organization figures the u.s. economy will grow 2.1%, driven by housing and construction, but with corporate profit growth slowing down. nayantara hensel is the chairman of the national association for business economics. not bad, moderate, stable but certainly not robust here s it? >> no, that's absolutely right, tom. basically again we're forecasting annual average real gdp growth at 2.1% but the goodews is we expect it to accelerate during the course of the year, perhaps reach being 3% by the fourth quarter of 2014. >> tom: what is going to add to that growth considering, is it being held back in the first six
PBS
Dec 21, 2012 1:00am PST
venerable big board? erika miller reports. >> reporter: the new york stock exchange has been the symbol of capitalism for nearly two centuries, but now it wants to give up its independence and be bought by a little-known rival in atlanta. the intercontinental exchange, or "ice" for short, was started 12 years ago as an energy trading platform. since then, the exchange has evolved into an internet-based marketplace trading futures, options, and derivatives. the reason it wants to buy the n.y.s.e. is not the plain vanilla stock trading business. the jewel in the deal is a division called "liffe," a leading futures and options exchange. it's based in london and drives over 40% of n.y.s.e. profits. >> it has a business that deals, for instance, in financial derivatives. these are derivatives contracts tied to financial products like interest rates, and ice has been wanting to expand in that direction for a while. >> reporter: as for the n.y.s.e., it's no secret that this year has been a tough one for the stock trading business. in addition, fewer companies are going public, so the i.p.o. ma
PBS
Dec 19, 2012 7:00pm PST
its own. suzanne pratt, "n.b.r.," new york. >> susie: our "nbr-u" partners at wharton have new research showing how accounting for government loan guarantees, like the one given to g.m., is impacting uncle sam's bottom line. you can learn more on the web, just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: look for the dirt two fly in coming months. permits to build new homes in the u.s. shot up to more than a four-year high last month as actual home building slowed down a bit. housing starts fell 3% in november from the month before, but it has been a strong recovery, compared to a year ago, housing starts up 21.6%. the building permit, jumping 3.6% in november, up to their highest level since july 2008. martin connor is the chief financial officer, and he joins us tonight from pennsylvania. marty, welcome back to n.b.r. have you been out there increasing your building permit for next year? >> tom, it is great to be with n.b.r. i do think we are increasing our permits. we've seen dramatic increases in our sales through the first four quarters of our year, all four
PBS
Dec 19, 2012 4:30pm PST
in new york today hosted by johnson controls. this wisconsin-based industrial conglomerate is a leading provider of products to make buildings energy efficient, and it's also the world's largest maker of car batteries and automotive seats. c.e.o. stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the auto industry. my biggest concern is how it will affect the psychology of the consumer. i've been surprised, susie, that people continue to buy automobiles. but my fear is that could change dramatically. >> susie: steve, to what extent are the ups and downs impacting your business day to day. >> i think people are holding back on making captain investments. i see that particularly in the building side. from m stdpoit, i continue to invest around the world. i'll invest to make sure i'm buying the strategies we laid up for the next three years. the question is what it will do, depending on what the outcome is,
PBS
Dec 17, 2012 7:00pm EST
to the gym. erika miller, "n.b.r.," new york. >> susie: with holiday spending in high gear, we've got some surprising research from stanford on gift giving, and tips on successful gift ideas. you'll find it on: www.nbr.com. just look for the "nbr-u" tab. >> susie: american businesses may have their doubts about the u.s. economy but not-- they opened one of the world's largestio gurt processing plants t spent almost half a billion dollars to build the massive facility in twin fall, idaho. and will hire 300 people to work there. they got their start five years ago in new york state and now has revenues of nearly $1 billion. the founder and c.e.o. joins us now, hamdi ulukaya, thanks for joining us. >> thank you for having me. >> susie: so this is a real vote of confidence, especially in these tough economic times. why are you doing this big expansion right now? >> well, we trust in our business, we trust in our brand. thio gurt has a very exciting time in america right now, since we started five years ago. but also overall in the economy, if you look at t you know, we never lost confiden
WETA
Dec 5, 2012 6:30pm EST
brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again.at but a big drop in apple shares kept the nasdaq fromains.. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boost safety and productivity. >> reporter: three years ago, this long island hospital had a problem: healthcare workers weren't cleaning their hands as often as required. >> 100,000 people die each year in the united states from hospital acquired infections. that's more than the number of people who die from breast cancer and from auto accidents. it's a huge problem
PBS
Dec 11, 2012 6:30pm PST
the fiscal cliff will likely dampen investor enthusiasm. erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going t
PBS
Dec 6, 2012 6:30pm PST
, nbr, new york. >> susie: when it comes to new claims for jobless benefits, the effects of super storm sandy appear to be passing. new claims fell by 25,000 in the week ending december 1 to a lower than expected 370,000 requests. that's raising hopes about november's jobs data, which is due out tomorrow. grey, and christmas says u.s. employment firm challenger, grey, and christmas says u.s. companies announced 57,000 job cuts last month. separately, the number of planned job cuts rose 20% in november from october's levels. on wall street, the dow rose 39 points, but the nasdaq added 15, the s&p up nearly five. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its
PBS
Dec 10, 2012 7:00pm PST
historical average. suzanne pratt, nbr, new york. >> tom: fast food diners dig in to mcdonald's cheddar bacon onion burger in november. still ahead, an update on much stronger sales at the golden arches. >> susie: christmas is still 15 days away, but fedex predicts today will be its busiest shipping day ever, over 19 million packages. that's more than double the company's typical daily volume, and a 10% jump from last year. today is also known as "green monday," and it kicks off one of the best weeks of the year for online retailers. erika miller reports. >> reporter: if you're wondering why today is called "green monday," its because of all the green changing hands. many of the sales are now online, so stores offer deep discounts to lure shoppers to their sites. the term "green monday" was created by ebay in 2007. it refers to the second monday in december, which is typically that site's biggest sales day of the year. overall, the season appears to be off to a strong start for merchants. >> i think they planned their inventory wisely. i think they planned their markdowns wisely. so, i
PBS
Dec 27, 2012 6:30pm PST
top a trillion dollars within five years. erika miller, "n.b.r.," new york. >> susie: using your phone for shopping, is just one of the ways you will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers call it the mobile fingerprint or a smartphone as unique as your fingerprint. no need to type in passwords, your phone tells your computer its you, and then locks the screen when you step away. on the health front there's technology to let a smartphone help diabetics measure their glucose levels. and with retailers, going mobile means more than processing payments. >> we do something very specific which is not just focus on the mechanics of payments but the
PBS
Dec 28, 2012 4:30pm PST
sharply, riskier assets could become more attractive. erika miller, "n.b.r.," new york. >> susie: more signs today that housing demand is picking up: the number of contracts signed to buy homes rose in november, to its best level in more tan two years. the national association of realtors index of pending sales rose almost 10% last month. so will the housing market continue to recover in the new year? that's what tom hudson asked toll brothers chief financial officer marty connor. >> the housing market willcontig as done consumer confidence maintains or improfls. and a lot of that will be contingent on resolution of the fiscal cliff and the government and the economy. >> a lot of ways to measure thet but the most direct way for momentum home buyers and sellers is prices. do you expect that trajectory to continue? >> i do.we have raised prices ia little more than half of our communities. it's been relatively modest. but as we observe and we read stats, we are getting a lit lite more confident and may push prices a bit more in 2013. >> what are you finding in termg materials. the commodi
PBS
Dec 27, 2012 1:00am PST
tonight in new york. sydney, nice to see you and welcome. you have four of the worst c.e.o.'s of the year, beginning with number 4, mark pincus, manager of zynga that relies on facebook for its success. what brought mark to your list. >> facebook and zynga announced they would go their separate ways and no longer be tied in and you can guess who that will affect more, facebook or zynga. one executive manager after another has left and that is always something i have seen as one of the reason warnings signs of something going wrong. along the way acquisition was made for $180 millujjy didn't take them more than half a year to write down 50% of the value of that acquisition. so it really look like a company that is floundering and mark pincus along the way ended out cashing out as quickly as possible raising eye browse in the possible. >> to the makeup industry and fashion. andrea young, the former c.e.o. of avon, still the chairman. this company rejected a buy outr offer earlier in the year when the share price was closeÑi to 3 where it is now. is that why she is on the list. >>
WETA
Dec 28, 2012 6:30pm EST
of the imagination, fun and creativity of their childhood. ruben ramirez, "n.b.r.," new york. >> susie: as 2012 winds down, the end of the year is often a time when we reflect. tonight, "lou's been thinking" about old friends and the best gift ever. here's author and educator lou heckler. >> in the past few weeks, i have lost three friends. i know it's part of getting older, and it still gets you thinking: how will we be measured? poet philip james bailey writes: we live in deeds, not years, in thoughts, not breaths, in feelings, not figures on a dial. there are many deeds to recount in business: profit and loss estimates, new product introductions, new markets entered and conquered. all are notable deeds in their own way. for my part, i could think of degrees earned, positions held, places traveled, ideas shared. somehow they pale compared to the older woman who approached me after a speech i gave at a senior citizens group in florida. i had talked about the healing power of humor and she waited tentatively to speak to me when the speech was over. thank you so much, she said, taking m
PBS
Dec 18, 2012 7:00pm EST
as a lot more market share, it would be samsung. suzanne pratt, "n.b.r.," new york. >> susie: another nick to toyota's reputation. the automaker is paying a record fine, more than $17 million, for failing to promptly report safety defects related to a lexus recall. this is the second time since 2010 that toyota has paid fines for not properly reporting vehicle defects to u.s. regulators. toyota once had the best reputation for quality and safety, but in the last three years it has announced numerous recalls for separate investigations into sticky pedals, poorly designed floor mats and steering rod problems. >> susie: big changes coming to pfizer. the giant drug maker plans to cut about 20% of its u.s. sales force, or 600 jobs. according to a report from bloomberg, the cuts begin this month and are said to be part of c.e.o. ian read's strategy to reposition pfizer after losing patent protection on its top selling drug, lipitor. at its peak, that cholesterol drug generated revenues of nearly $10 billion a year for pfizer. while lipitor's loss was tough for pfizer, it was a boon for gene
WETA
Dec 18, 2012 6:30pm EST
but could also carry fatter profit margins. ruben ramirez, "n.b.r.," new york. >> susie: on wall street progress on the fiscal cliff negotiations sparked broad-based gains on wall street, helping the major indices close at post- election highs. the s&p 500 rally got going about an hour after the homebuilders confidence survey was released, moving higher for an eighth straight month. the s&p finished up 0.9%. trading volume picked up. 817 millioshares moved on the big board, just over two billion traded on the msdth. nine of the ten major stock sectors were higher. energy and technology led the way, gaining 1.7% each. the financial sector added another 1.5% to yesterday's rally. two beaten down tech stocks helped that sector: apple and hewlett-packard. apple stock bounced 2.9%. it hit a ten month low last friday. hewlett-packard is the worst performing dow stock this year. today, shares gained 2.2%. after the closing bell, software giant oracle posted fiscal second quarter earnings of 64 cents per share, stronger than wall street analysts expected. it continues seeing strength in
PBS
Dec 24, 2012 6:30pm PST
little for myself, too. >> reporter: erika miller, nbr, new york. >> susie: don't let the fiscal cliff scare you away from buying stocks. that's the advice to investors from andy cross, the chief investment officer at the motley fool. tom hudson recently spoke with him, and began by asking if the s&p 500 will be higher or lower this time next year. >> that's a tough question. i'm not in the job of picking the stocks over, you know, three, six, nine, even 12 months is tough for me. here's what i do think. i do think we'll get some resolution to the fiscal cliff, whether it's right now or whether it's soon after the new year, i think we will see some kind of resolution. that will be good for markets, good for business, good for investors. so i'm going into 2013 wanting to be long some really good high quality companies that i know can accrue returns for investors over time. and i don't want to think with the next few months. >> tom: let's focus on the next year ahead. what about volatility, do you think you'll need an iron stomach to be a stock investor? >> i think investing in stocks, i
PBS
Dec 7, 2012 4:30pm PST
modern insurance dispatched to new jersey, new york, and connecticut. for the barrier island off the coast of new jersey, it was north of the eye of the storm but think of it like a windmill spinning counter-clockwise. >> seaside was hit with a 37- foot wall wave so that a pretty big wall that was coming in so that a lot of power. that's crashing in here and all that force. it's brining sand. it's bringing all that water in. >> reporter: it wasn't until nearly a month later that insurance adjuster's were allowed on the island to asses the damage. >> the "l" shape everything is going down from the weight of the sand that was pushing it and the water that was pushing it out. it pushed his neighbor's shed completely into the side of his house. he had 5 1/2 feet of water inside his house so everything on the first floor needs to be completely gutted. >> reporter: john marchetti's house sits just two doors closer to the beach. >> i do have homeowners insurance and flood. homeowners doesn't cover very much. everything from the sky is homeowners and everything from the bottom is flood. obvi
PBS
Dec 15, 2012 1:00am PST
little spending. suzanne pratt, "n.b.r.," new york. >> well, if you driving to the mall, you are paying a lot less for gas, pump prices are plunging dropping seven and a half percent in november. the national average for gasoline is now $3.30 a gallon. >> and that is the main reason consumer prices were down last month. the index of consumer prices which includes everything from the cost of milk to the price of a haircut fell three-tenths of a percent, that is the largest drop since may. >> but here on wall street investors ignored that up beat news and were fixated on the stalled talks in washington about the fiscal cliff. >> the dow lost 36 points, the nasdaq down 21, the s and b 500 fell, s&p fell also. >> looking at the outlook for gas and oil prices, we turn to an oil analyst, founding partner at again capital. >> you know, john, i was thinking looking over these numbers a few weeks ago here in the northeast we were paying close to $5 a gallon for gasoline, of course it was because of hurricane sandy and standing in line, gas lines, and now this. i know it is a special situa
PBS
Dec 3, 2012 4:30pm PST
money is still so cheap. suzanne pratt, "n.b.r.," new york. >> susie: american automakers got a bump up in sales in november, thanks to super storm sandy. consumers postponed purchases when the hurricane hit in october, and resumed buying last month. but as diane eastabrook reports, the looming fiscal cliff could cause that sales momentum to lose traction. >> reporter: november turned out to be a good month for the big three and a great month for eir foreign competitors. g.m. and ford both saw a modest uptick in vehicle sales last month-- while chrysler got a double digit boost. but competitors from europe and japan blew the domestics doors off. sales at v.w. were up just under 30%. while honda led the japanese pack with a sales increase of just under 40%. the car companies think super storm sandy pushed some sales the last weekend of october into november. morningstar auto analyst richard hilgert agrees sandy helped, but the storm wasn't the primary reason november was such a strong month. >> we've got a lot of pent up demand still out there-- pent up demand coming from, especi
PBS
Dec 13, 2012 6:30pm PST
. suzanne pratt, nbr, new york. >> tom: still ahead, could legalized recreational marijuana use become the new competitor for medical dope? we speak with the c.e.o. of marijuana products maker dixie elixirs. >> susie: american consumers did a bit of shopping in november after laying low the month before. retail sales rose three tenths of 1% last month, following a decline of the same amount in october. the pickup in november spending is a hopeful sign for an economy that many fear is slowing down. but retail experts say the trend can hardly be considered strong. >> it's muddling along. expectations were for 0.5% increase; it came in at 0.3% and that's off of a weak october. remember, october was quite weak. so, these are not robust numbers, they're not terrible numbers. it's a continuation of a sluggish consumer, that is still sluggish as the year wore on. >> susie: november sales were twice as strong if we don't include a big decline in spending at the pump. gas station sales posted their biggest drop in four years. instead of filling up, consumers bought cars, clothing, booze, and a lot
PBS
Dec 7, 2012 6:30pm PST
.," new york. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't
PBS
Dec 4, 2012 1:00am PST
in new york city's lincoln center, ford introduced the new lincoln mkz sedan, one of four luxury, and fuel efficient models coming out over the next four years. >> no one offers a car that's more fuel he fishant than the this hybrid no one offers a vehicle with the kind of craftsmanship and beautifully skimp find interior that we val. and when you drive it, it's going to be as fun to drive as a bmw but as quiet and comfortable at a lexus. >> susie: this is ford's latest campaign to stage a comeback for lincoln. when i talked to the c.e.o. alan mall ally i asked him if this is his last push to save the brand. >> we haven't focused on lincoln over the last few years because we had these other luxury brands. i think this is almost a beginning because now everybody knows that what ford did with ford, and now they all know ford is going to be 100% laser focused on lincoln. >> susie: when people think of a luxury car they think mercedes, bmw, not a lincoln. so how are you going to compete against those upscale brands? >> less than ten years ago lincoln was the number one luxury brand i
Search Results 0 to 49 of about 92 (some duplicates have been removed)